With the Goods and Services Tax pressure easing, Dixon Technologies (India) Ltd. is looking confident of clocking a 25-30 percent growth rate over the next three to five years, its Managing Director Atul Lall told BloombergQuint in an interview.
The company signed a design, manufacturing and supply agreement with Flipkart for a number of electrical appliances under the MARQ brand. Television sets will be the first product to be sold on the online marketplace, Lall said.
Total consolidated revenue for Dixon Technologies grew at a compounded annual growth rate of 34 percent, while the bottomline expanded by 78 percent over the past five years. Lall sees the growth numbers for the current financial year to be in line with earlier years.
Sunil Lall, Managing Director, Dixon TechnologiesWe are out of the pressures of GST. I don’t see anymore aberrations taking place. We feel we will have a very good growth in this fiscal as well. For the next three to five years, this kind of growth is on horizon.
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